SAP S/4 Hana For Financial Accounting Associates

80 Questions | Total Attempts: 109

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SAP S/4 Hana For Financial Accounting Associates

To make your SAP S/4HANA Financial Accounting Certification Exam preparation easy, L&D Core Team prepared an Online SAP S/4HANA Financial Accounting Certification Practice Exam. We have a carefully maintained exam structure, syllabus, topic weights, cut score and time duration same as actual SAP S/4HANA for Financial Accounting Associates Certification Exam. Our online SAP S/4HANA Financial Accounting Certification practice exams contain practical case study based questions and answers. We have prepared question bank for this practice exam with the help of experts' domain knowledge and collective feedback received from recently certified candidates. These questions and answers are verified by our experts which are frequently asked and similar to what you face in actual SAP S/4


Questions and Answers
  • 1. 
    Which of the following steps are parts of the process of configuring the payment program? Choose the correct answers.
    • A. 

      Configure the paying company codes

    • B. 

      Configure the payment methods for each company code

    • C. 

      Configure the house banks

    • D. 

      Configure the G/L account field status for document entry

  • 2. 
    Which of the following activities does the system perform during the payment run? Choose the correct answers.
    • A. 

      The system exports a list of documents to be paid.

    • B. 

      The system makes postings to the G/L and AP/AR subledgers.

    • C. 

      The system clears open items.

    • D. 

      The system supplies the print programs with necessary data.

  • 3. 
    Which of the following objects are relevant to the dunning program configuration? Choose the correct answers.
    • A. 

      Dunning levels

    • B. 

      Expenses or charges

    • C. 

      Minimum amounts

    • D. 

      Bank selection

  • 4. 
    Which of the following lists support the dunning clerk’s work? Choose the correct answers.
    • A. 

      The dunning history list

    • B. 

      The blocked accounts list

    • C. 

      The dunning list

    • D. 

      The list of vendor balances in local currency

  • 5. 
    A document has several line items, with different reason codes entered. For the automatic payment, which correspondence type does the system choose? Choose the correct answer.
    • A. 

      The one assigned to the tolerance group

    • B. 

      The one in the first line item

    • C. 

      The one in the line item with the largest amount

    • D. 

      The system prompts for the user to assign one

  • 6. 
    For which of the following transactions can you use noted items? Choose the correct answer.
    • A. 

      Late payment

    • B. 

      Down payment request

    • C. 

      Vendor payment

    • D. 

      Customer payment

  • 7. 
    Which is the first step in the procedure of making down payments in the customer area? Choose the correct answer.
    • A. 

      Down payment request

    • B. 

      Down payment received

    • C. 

      Customer invoice

    • D. 

      Clearing

  • 8. 
    Where is the billing document created? Choose the correct answer.
    • A. 

      Financial Accounting

    • B. 

      Sales and Distribution

    • C. 

      Accounting

    • D. 

      Materials Management

  • 9. 
    The SAP Business Workflow has_ process dimensions. Choose the correct answer.
    • A. 

      Two

    • B. 

      Three

    • C. 

      Four

    • D. 

      Five

  • 10. 
    What is the maximum dunning level that can be assigned to a dunning procedure? Choose the correct answer.
    • A. 

      1

    • B. 

      7

    • C. 

      9

    • D. 

      11

  • 11. 
    What is the name of the leading ledger that SAP provides with the standard system? Choose the correct answer.
    • A. 

      OL

    • B. 

      1L

    • C. 

      2L

    • D. 

      3L

  • 12. 
    The variant principle is used in SAP S/4HANA to assign particular properties to one or more objects. How many steps does the variant principle have? Choose the correct answer.
    • A. 

      1

    • B. 

      3

    • C. 

      4

    • D. 

      5

  • 13. 
    Which of the following segments contains the general data of a customer or vendor that can be accessed throughout the organization? Choose the correct answer.
    • A. 

      Organization level

    • B. 

      Client level

    • C. 

      Company code

    • D. 

      Account level

  • 14. 
    Which of the following tolerance groups should every company code always have? Choose the correct answer.
    • A. 

      Blank

    • B. 

      Special

    • C. 

      Defined

    • D. 

      Named

  • 15. 
    You need to enter a percentage rate in the terms of payment to calculate_ . Choose the correct answer.
    • A. 

      Cash discount

    • B. 

      Credit amount

    • C. 

      Debit amount

    • D. 

      Invoice discount

  • 16. 
    In a valuation method, which of the following is not a valuation approach for foreign currency valuation? Choose the correct answer.
    • A. 

      Lowest value principle

    • B. 

      Strict lowest value principle

    • C. 

      Revalue only

    • D. 

      High rate of interest principle

  • 17. 
    Which currency valuation program is replaced by FAGL_FCV? Choose the correct answer.
    • A. 

      SAPF130K

    • B. 

      FAGL_FC_VALUATION

    • C. 

      SAPF100

    • D. 

      FAGL_VALUATION

  • 18. 
    Doubtful receivables are individual value adjustments during year-end closing. Determine whether this statement is true or false.
    • A. 

      True

    • B. 

      False

  • 19. 
    Which program is used to enter accruals and deferrals regularly? Choose the correct answer.
    • A. 

      Compact document journal

    • B. 

      Devising program

    • C. 

      Recurring entry program

    • D. 

      Ledger grouping

  • 20. 
    To reduce the load on the system, what should you do with the older documents that exist in the database? Choose the correct answer.
    • A. 

      Delete

    • B. 

      Extract and delete

    • C. 

      Backup and delete

    • D. 

      Archive and delete

  • 21. 
    Which of the following has to be created and assigned to an organizational structure before the Financial Closing Cockpit can be used? Choose the correct answer.
    • A. 

      Flow definitions

    • B. 

      Programs

    • C. 

      Subfolders

    • D. 

      Task list template

  • 22. 
    For which of the following transactions can you use noted items? Choose the correct answer.
    • A. 

      Late payment

    • B. 

      Down payment request

    • C. 

      Vendor payment

    • D. 

      Customer payment

  • 23. 
    Which of the following is an example of an automatic offsetting entry? Choose the correct answer.
    • A. 

      Bank posting of a received down payment

    • B. 

      Posting of a guarantee of payment

    • C. 

      Down payment request

  • 24. 
    Which of the following statements are correct? Choose the correct answers.
    • A. 

      A company code can be assigned several workflow variants.

    • B. 

      A task can be assigned only one possible processor.

    • C. 

      It is possible to design multilevel workflow sequences.

    • D. 

      The same workflow variant can be assigned to several company codes.

  • 25. 
    You can use Boolean logic to define different types of logical statements. Determine whether this statement is true or false.
    • A. 

      True

    • B. 

      False

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